Electrical Stimulation Devices Market 2022 Analysis by Top Manufacturers - Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, BTL Corporate

The Electrical Stimulation Devices market report provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue and forecast 2028. This report also includes the overall and comprehensive study of the Electrical Stimulation Devices market with all its aspects influencing the growth of the market. This report is an exhaustive quantitative analysis of the Electrical Stimulation Devices industry and provides data for making strategies to increase market growth and effectiveness.

The Electrical Stimulation Devices market studied is anticipated to grow with a CAGR of 9.5%, during the forecast period

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Markets Segmentation:

Top leading Companies Profiled in Electrical Stimulation Devices Market Report are Medtronic plc, Boston Scientific Corporation, Abbott Laboratories, BTL Corporate, and DJO Global, Inc.

News and Updates

Hocoma Launches Erigo®Pro with Integrated Functional Electrical Stimulation (FES) for U.S. Market- Hocoma launches the next generation of its rehabilitation robotic device Erigo®Pro in the U.S. The new ErigoPro further improves mobilization and verticalization of patients with circulatory, neurological or musculoskeletal conditions through integrated Functional Electrical Stimulation. With this advanced new feature, the ErigoPro is an ideal addition to acute care rehabilitation programs. The first Hospitals in the USA implementing the ErigoPro in their daily clinical routine are Craig Hospital in Denver, CO and the Shepherd Center in Atlanta, GA.

Market Overview

The major factors attributing to the growth of the electrical stimulation devices market are the growing incidence of spinal injury triggered by accidents, violence, or falling anticipated to boost the demand for spinal surgery, which is assessed to upsurge the market growth for electrical stimulation devices.

As per the NINDS 2019 Factsheet, there are around 12,000 estimated spinal cord injuries in the United States each year. Falls are the world's second primary cause of unintentional or accidental fatalities from injuries. According to the WHO 2018 data every year there are 37.3 million cases that are serious enough to require medical care and around 646,000 people die globally each year from falls which are expected to further boost the demand for electrical stimulation devices for treatment. The dominant share is retained by the pain management segment owing to the attributes such as the strong prevalence of chronic pain ailments and increased use of products to manage pain owing to their high therapeutic benefits.

Chronic pain is among the world's leading causes of suffering and injury, and a prominent indication of both AIDS/HIV and cancer. As per the statistics from the American Academy of Pain Medicine 2018, around 126 million individuals experience pain in the US. It is known that chronic pain affects more than 1.5 billion people worldwide. Therefore the increasing chronic pain among the individuals is found increasing the overall market share.

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Electrical Stimulation Devices Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Electrical Stimulation Devices market - key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance - Electrical Stimulation Devices market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Electrical Stimulation Devices

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In conclusion, the Electrical Stimulation Devices market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Electrical Stimulation Devices Industry business competitors. Our expert research analyst's team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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